EXCO Resources Inc. (NYSE: XCO) opened a cash tender offer for its outstanding 7.5% senior notes due 2018 and its outstanding 8.5% notes due 2022, whose combined amount is subject to a cap of $40 million on the price paid for both series of notes combined.
Holders of the 2018 notes may participate in the tender offer; while holders of the 2022 notes may participate in both the tender offer and the consent solicitation, or just the consent solicitation.
The consent solicitation will expire on August 9 and the tender offer will expire on Aug. 23.
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